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How quickly can you flip a property?


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  • 2 months later...

You can remortgage within 6 months with many lenders. You can also sell but some lenders won't do a mortgage unless the seller has owned it 6 months but plenty can.

Regards Simon

Searchlight Finance Ltd

T:01565 654005

 

Landlord and specialist property finance advisor only dealing with investors, landlords and developers throughout the UK and beyond.

Buy to Let - Commercial Finance - Bridging Loans - Development Finance - HMO Finance - Refurbishment Loans - Multi Let - Limited Company - Student Lets - Portfolio Finance

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  • 2 months later...

@simon allen have you come across workarounds for the 6 month rule where the business model is quick flips to owner occupiers? I thought that prospective buyers could use a broker/lender that can get round it as recommended by the seller/investor but this may seem dodgy to some, or the estate agent's broker could be forced to find lenders if they want the investor's repeat business.

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Easy. Just tell the buyer when arranging the mortgage to advise the lender or broker that's it's been owned less than 6 months by the seller

Regards Simon

Searchlight Finance Ltd

T:01565 654005

 

Landlord and specialist property finance advisor only dealing with investors, landlords and developers throughout the UK and beyond.

Buy to Let - Commercial Finance - Bridging Loans - Development Finance - HMO Finance - Refurbishment Loans - Multi Let - Limited Company - Student Lets - Portfolio Finance

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